FTC Safeguards Rule (Updated 2023) — Gramm-Leach-Bliley Act
Updated FTC rule requiring non-banking financial institutions (mortgage brokers, auto dealers, tax preparers, etc.) to implement comprehensive cybersecurity programs. Adds specific technical requirements including encryption, multi-factor authentication, and incident response plans. Key provisions effective June 2023.
Related Incidents
Same harm domain — actors and location may differ
Retired Army officer loses ₹1 crore to deepfake investment scam using AI-generated Modi and Sitharaman videos
Middle-aged couple in Gujarat loses $300 to AI voice cloning fraud targeting their son
69-year-old Indiana retiree loses $10,000 to pig-butchering scam via Facebook and encrypted messaging apps
Finance director loses $499,000 to deepfake Zoom call impersonating senior executives in Singapore
78-year-old Birmingham widow loses $11,000 to AI voice cloning scam
Related Legislation
Other policies covering the same harm domain
Linked Litigation
1Legal cases linked to this policy